Tesla's astronomical offer to Elon Musk

Tesla has presented Elon Musk with a record compensation package valued at around $29 billion to $30 billion in stock (approximately €25 billion), with the aim of retaining him as CEO and ensuring his leadership of the company until at least 2027.

The main objective is to ensure that Musk continues to lead Tesla amid fierce competition, particularly from Chinese manufacturers, and after a year marked by declining sales and the company's stock market value.

Senior executives and analysts say "it's more important than ever to retain Elon Musk," as his leadership is seen as essential to maintaining innovation and attracting talent, particularly in the context of the transition to artificial intelligence, robotaxis, and robotics.

This agreement is seen as a measure aimed at easing recent tensions: Musk had threatened to resign if he did not receive a new compensation offer after another agreement was annulled in court. This offer is also intended to allow Musk to focus on Tesla's strategic objectives, avoiding external and political distractions.

Musk will only be able to fully benefit from this new compensation if he remains in a senior leadership role for at least two more years.

(MH with MaSi - Source : RTBF.be - Photo : © DPA - NurPhoto - Beata Zawrzel)